Question

Bug in TurboTax 2024 HSA Contribution Limit is wrong

Forum|Forum|1 year ago
November 11, 2024
4 replies
0 views

I'm in TurboTax desktop Home & Business 2024 and its using the 2023 contribution limit for HSA contribution for family. Its using $7750. It should be $8300.

can you report/fix this bug please?

Mike [removed]

TurboTax Home & Biz Windows

DoninGA

Employee

This will be corrected with one of the software updates before the end of the year. TurboTax normally updates their software on Thursdays.

VolvoGirl

Employee

You have to wait a little while. The program just came out because people want to start early. It is a very early version and won’t be fully ready until mid January. The IRS hasn’t even approved all the forms yet for Turbo Tax to use. There will be many updates. They usually update on Thursdays. If your program doesn’t automatically update you can try updating by going up to menu item Online - Check for Updates.

M

mgoslakAuthor

This is low hanging fruit - easy stuff for Intuit to change. This does not involve waiting on the Federal Govt. Just updating the new 2024 limits. I understand waiting on forms that have not been released by the federal govt. but this is totally different. These limits have been posted for quite some time and would be a simple to update in the software. Disappointing. It looks like Intuit didn't do anything. I could just open up TurboTax 2023 and run my prelim taxes. Hmmm.... now that I think of it maybe that's the approach I need to take since the depreciation isn't even available. I'm quite limited.

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HVILsleepdoc

This has not been fixed in the online versions either. Couldn't figure out why I was being taxed for our tIRA contributions prior to backdoor Roths. Played around with numbers, saw they were still using the old $7,500 (over 50) limit. Just posted myself, hoping someone from Intuit takes a notice.

B

BillM223

HVILsleepdoc

Are you referring only to an IRA issue? This thread was about HSAs.

It is generally a good idea to start a new thread, especially when you are changing the subject.

If, indeed, you are referring to an HSA issue, come back and clarify what you are talking about.

@HVILsleepdoc

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H

Harish161019

It is March 4th 2025 and I'm in TurboTax desktop Home & Business 2024 still HSA contribution for family is not updated to $8300.

can you report/fix this bug please?

A

AnnetteB6

Be sure that your program is up to date by going to Online > Check for Updates at the top of the screen.

Checking a test case using TurboTax desktop Home and Business version showed that $8300 could be contributed to a Health Savings Account (HSA) if covered by a Family HDHP all year.

If you are still having a problem with the HSA limit, consider sharing a diagnostic copy of your tax data file for someone to take a closer look. The diagnostic file will not contain personally identifiable information, only numbers related to your tax forms.

If you would like to provide us with the diagnostic file, follow the instructions below and post the token number along with which version of TurboTax you are using and what states you are filing in a follow-up thread.

If you are using a CD/downloaded version of TurboTax, use these steps: